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KINGLAND PROPERTY CORPORATION LTD (6264) AI Stock Analysis

TW:6264

KINGLAND PROPERTY CORPORATION LTD

(TPEx:6264)

Select Model
Rating:43Neutral
Price Target:TWD 6.00â–¼(-0.50% Downside)
Action:initiatedcoverage
Date:11/09/26

Kingland Property scores low, driven primarily by a high-risk financial profile: persistent losses, sharply declining revenue, leverage near 4x equity and negative operating cash flow in every year on record, with the burn accelerating to NT$838M. A thin equity cushion against a NT$4.5B asset base leaves little room for error if the Taiwan property cycle or financing conditions turn. Valuation offers no cushion, with a negative P/E and no dividend. Technicals are the least negative input — the price has stabilised just above its short-term moving averages with neutral momentum — but it still trades below the 200-day average, and improving gross margins alone are not yet enough to offset the cash and leverage concerns.

Positive Factors
2025 Revenue ReboundThe sharp 2025 revenue rebound indicates that the company can generate substantial project-related top-line growth when development and sales activity improve. If this recovery is sustained, greater revenue scale could support fixed-cost absorption and provide a broader base for rebuilding profitability.
Negative Factors
Unstable ProfitabilityThe return to a very large net loss after only a small profit in 2024 shows that earnings are not yet dependable across project cycles. Persistent volatility makes it harder to plan reinvestment, support shareholders, or demonstrate that improved gross margins can translate into sustainable operating profitability.

KINGLAND PROPERTY CORPORATION LTD (6264) vs. SPDR S&P 500 ETF (SPY)

-30%-20%-10%0%10%20%TW:6264-17.96%SPY+14.28%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 824.95M
Dividend Yield
―
Average Volume (3M)
31.86K
Price to Earnings (P/E)
-10.1
Beta (1Y)
0.12
Revenue Growth
52.16%
EPS Growth
-21.07%
Country
TW
Employees
62
Sector
General
Sector Strength
55
Industry
Real Estate - Services

KINGLAND PROPERTY CORPORATION LTD Business Overview & Revenue Model

Company Description

Kingland Property Corporation Ltd. is a Taiwanese firm primarily focused on construction projects. Founded in 1997, the company operates from its headquarters in Taipei City. It was previously recognized as DSG Technology Co., Ltd.

KINGLAND PROPERTY CORPORATION LTD Financial Statement Overview

Summary

Financials are the dominant weakness. Revenue is extremely lumpy and fell to NT$112M in the latest year from NT$767M in 2022, with net losses in five of the last six years including a NT$66M loss most recently and an operating loss of NT$100M. Leverage has climbed to roughly 3.9x debt-to-equity as debt rose to NT$2.77B while equity eroded to NT$714M, leaving equity funding only about 16% of a NT$4.49B asset base. Cash flow is the weakest element: operating cash flow has been negative every year on record, with the burn widening to NT$838M. The only offsets are a recovery in gross margin to positive territory and negligible capital expenditure, with land and project build-up that could eventually convert into revenue and cash.

Income Statement

19Very Negative

Balance Sheet

23Negative

Cash Flow

11Very Negative
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Dec 2023Mar 2023Dec 2021
Income Statement
Total Revenue124.75M112.22M200.20M212.74M767.10M593.99M
Gross Profit31.19M18.66M54.07M-78.09M-106.75M-32.10M
EBITDA-16.26M3.52M67.28M-93.14M-186.25M2.21M
Net Income-81.70M-66.33M6.47M-114.13M-216.32M-21.55M
Balance Sheet
Total Assets5.02B4.49B3.88B3.42B3.26B3.26B
Cash, Cash Equivalents and Short-Term Investments267.55M278.03M589.09M214.34M137.02M186.60M
Total Debt2.84B2.77B2.33B2.15B2.04B1.80B
Total Liabilities3.98B3.64B3.04B2.74B2.54B2.36B
Stockholders Equity922.05M714.03M698.36M582.55M669.83M871.84M
Cash Flow
Free Cash Flow-718.97M-838.71M-152.19M-357.21M-171.03M-397.30M
Operating Cash Flow-718.84M-838.02M-147.59M-357.19M-170.33M-391.51M
Investing Cash Flow219.42M101.63M68.55M95.42M-4.72M79.04M
Financing Cash Flow459.72M518.75M257.28M295.41M141.79M364.48M

KINGLAND PROPERTY CORPORATION LTD Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:6264 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:8077TW:807764NeutralTWD 886.61M5.90―5.00%3.19%40.37%
TW:5703TW:570361NeutralTWD 899.07M15.75――14.17%101.69%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:3252TW:325251NeutralTWD 735.37M-244.17――-6.31%17.70%
TW:6264TW:626443NeutralTWD 819.50M-10.07――52.16%-21.07%
TW:4402TW:440241NeutralTWD 866.90M-69.90――66.21%-366.24%
TW:5345TW:534540UnderperformTWD 718.10M-274.61――229.58%90.01%

* General Sector Average

Performance Comparison

-20%0%20%40%TW:6264TW:3252TW:4402TW:5345TW:5703TW:8077Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:6264 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:6264KINGLAND PROPERTY CORPORATION LTD6.03-1.29-17.62%
TW:3252Haiwan International Development Co., Ltd.14.65-4.65-24.09%
TW:4402J.D Development Co. Ltd.12.45-5.25-29.66%
TW:5345Fullhome Development Co., Ltd.19.25-5.60-22.54%
TW:5703Landis Taipei Hotel Co., Ltd12.80-2.20-14.67%
TW:8077Green World Hotels Co., Ltd.40.00-3.47-7.99%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 09, 2026